1537 S Rolling Rd

Halethorpe, MD 21227

$625,000
Last Sold Price
6
Beds
4
Baths
3,198 Sq. Ft.
$195 / Sq. Ft.
3,198
Sq. Ft.
$195
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 1/16/26
Closed 1/16/26
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Description

Premier 4-Unit Multifamily Investment in Historic Relay. 1537 South Rolling Road presents a rare opportunity to acquire a fully stabilized four-unit multifamily property in the heart of the Historic Relay District, one of Baltimore County’s most consistently performing rental markets. Initially constructed in 1890 and restored by the owner, an award-winning custom builder and contractor, the property blends classic architectural charm with modern functionality. Its quiet location, strong rental demand,...Premier 4-Unit Multifamily Investment in Historic Relay. 1537 South Rolling Road presents a rare opportunity to acquire a fully stabilized four-unit multifamily property in the heart of the Historic Relay District, one of Baltimore County’s most consistently performing rental markets. Initially constructed in 1890 and restored by the owner, an award-winning custom builder and contractor, the property blends classic architectural charm with modern functionality. Its quiet location, strong rental demand, exceptionally low vacancy history, and proximity to major employers, universities, and transportation corridors make it a standout investment. The property features a balanced layout beginning with two 2-bedroom units (Units 1 and 2). Unit 1 includes a versatile sitting room with a large walk-out bay that can also function as the second bedroom and offers two entrances—its primary entry located at the rear of the property, along with a secondary access point through the foyer. Unit 2 welcomes you through its expansive ±28 ft private covered porch. Inside, you’ll find beautifully preserved original oak paneling, walnut-inlaid oak flooring, and a generous walkout bay that fills the space with natural light. The flexible floor plan includes a bonus walk-through second bedroom—perfect for a home office, nursery, dressing room, or creative studio. For added convenience, this unit also features its own private washer and dryer. Completing the property, the second floor features two additional 1-bedroom units (Units 3 and 4), which—together with Units 1 and 2—offer a combined total of approximately ±3,198 square feet of above-grade living space, supplemented by ±657 square feet of basement storage or utility area. Current in-place rents highlight the area's desirability: Unit 1 (2BR) leases for $1,450/month, Unit 2 (2BR) for $1,350/month, Unit 3 (1BR) for $1,300/month, and Unit 4 (1BR) for $1,350/month. This results in a stable monthly income of $5,450, or $65,400 annually, supported by a long-standing 0% vacancy rate and a convenient one-to-one onsite parking ratio. 1537 S Rolling Road is a fully stabilized, income-producing asset with consistent, predictable cash flow. The property generates approximately $65,400 in annual gross rental income, supported by a strong tenant base. Operating expenses—including taxes, insurance, utilities, and general operating costs—total approximately $12,601, resulting in an attractive Net Operating Income (NOI) of roughly $51,398. With solid submarket fundamentals—characterized by rising rents, limited rental supply, and steady absorption—this property is well-positioned to deliver dependable performance and long-term value appreciation. Investors benefit from both immediate cash flow and the potential for continued rent growth in a high-demand corridor. See attached brochure for more specific information about appliances and utilities.
  1. Listed by Robert C Walters • CENTURY 21 New Millennium
    P: (703)-401-5874 robert@realmarkets.com

Property Details for 1537 South Rolling Road

Tax ID Number
04132100013420
Ownership
Fee Simple
Structure Type
Detached
Style
Victorian, Cape Cod
Waterfront
No
Garage
No
Cross Street
Francis Ave
Total Parking Spaces
4
LISTING UPDATED: 01/19/2026 10:29 AM

Property Details for 1537 South Rolling Road

StatusClosed
MLS #MDBC2147292
Days on Market16
Taxes$3,973 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1890
Lot Size0.28 AC / 12,183 SF
CountyBaltimore County
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Location

Listing Courtesy of CENTURY 21 New Millennium

Sold By RE/MAX Realty Services

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Building Information for 1537 South Rolling Road

Stories-Residences1Year Built1890Building Size-Lot Size0.28 AC / 12,183 SF

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$3,478 per month

30 year fixed, 6.46% Interest

Principal and Interest

$3,147

Property Taxes

$331

HOA Dues

$0

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Property Information for 1537 South Rolling Road

Location
Location
  • In City Limits: No
  • Transportation: Airport less than 10 miles, Metro/Subway Station 1 to 3 miles
  • School District Name: BALTIMORE COUNTY PUBLIC SCHOOLS
  • School District County ID: 121140087473
  • SchoolDistrictSource: Listing Agent
  • County: BALTIMORE
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2025
  • Tax Assessed Value: $290,633
  • Year Assessed: 2025
  • County Tax: $3,522
  • Improvement Assessed Value: $233,000
  • Land Assessed Value: $112,100
  • Clean Green Assessed: No
  • Land Use Code: R
  • Zoning: DR-2
  • School Tax: $0
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Electricity, Gas, Insurance, Taxes - Real Estate, Water
  • Rent Control: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Units Leased Count: 4
  • Number Of Units Vacant: 0
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Beds Total: 2
  • Full Baths Count: 1
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Beds Total: 2
  • Full Baths Count: 1
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Beds Total: 1
  • Full Baths Count: 1
Unit 4
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Beds Total: 1
  • Full Baths Count: 1
Financial Information
Expenses
  • Operating Expense: $12,601
  • Operating Expense Includes: Insurance
Financial Information
  • Gross Income: $65,400
  • Net Operating Income: $51,398
  • Annual Rental Income: $65,400
  • Income Includes: Apartment Rentals
  • Cap Rate: 8.22
Building Info
Building Info
  • Year Major Reno Remodel: 2005
  • Building Level Count: 3
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Parcel ID: 11874931
Parking
Parking
  • Type Of Parking: Driveway, Off Street
  • Driveway - # of Spaces: 4
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Radiator
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Northern Virginia Association of REALTORS
  • List Agent URL: www.realtymarkets.com

Property History for 1537 South Rolling Road

DateEvent & SourcePriceAppreciation
Jan 16, 2026

Closed (Public Record)

Public Record #1927268852

$625,000

+4.1% / yr

Jan 16, 2026

Closed

BRIGHT #MDBC2147292

$625,000—
Dec 12, 2025

Pending

BRIGHT #MDBC2147292

—
Dec 12, 2025

Active Under Contract

BRIGHT #MDBC2147292

—
Dec 1, 2025

Listed (Active)

BRIGHT #MDBC2147292

$625,000—
Feb 18, 2005

Closed (Public Record)

Public Record #157851893

$270,000—
Jan 31, 2005

Closed

BRIGHT #MDBC167970

$270,000—
Dec 9, 2004

Pending

BRIGHT #MDBC167970

—
Dec 9, 2004

Listed (Active)

BRIGHT #MDBC167970

$275,000—
DateEvent & SourcePrice
01/16/2026

Closed (Public Record)

Public Record #1927268852

$625,000

+4.1% / yr

01/16/2026

Closed

BRIGHT #MDBC2147292

$625,000
12/12/2025

Pending

BRIGHT #MDBC2147292

—
12/12/2025

Active Under Contract

BRIGHT #MDBC2147292

—
12/01/2025

Listed (Active)

BRIGHT #MDBC2147292

$625,000
02/18/2005

Closed (Public Record)

Public Record #157851893

$270,000
01/31/2005

Closed

BRIGHT #MDBC167970

$270,000
12/09/2004

Pending

BRIGHT #MDBC167970

—
12/09/2004

Listed (Active)

BRIGHT #MDBC167970

$275,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1537 South Rolling Road

Taxable ValueLand-Additions-Total-
Tax Record2025$5,058 ($421 / month)
Home Facts
Beds0Baths4Total Finished SqFt2,804 SqFtAbove Grade Finished SqFt2,804 SqFtStories2Lot Size12,183 SqFtStyleSingle Family ResidenceYear Built1890CountyBALTIMOREAPN13-2100013420Fireplace TypeHas Fireplace

Schools near 1537 South Rolling Road

This home is within Baltimore County Public Schools.
Rating
School
Type
Grades
Distance
Relay Elementary School
Public - PK to 5
Arbutus Middle School
Public - 6 to 8
Lansdowne High & Academy Of Finance
Public - 9 to 12
Catonsville Center For Alternative Studies
Public - 9 to 12
Rating
School
Distance
Relay Elementary School
PublicPK to 5

Arbutus Middle School
Public6 to 8

Lansdowne High & Academy Of Finance
Public9 to 12

Catonsville Center For Alternative Studies
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CENTURY 21 New Millennium

© 2026 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 01/19/2026 10:29 AM